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How to Calculate Gross Profit Margin: Definition & Formula

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Choose the correct formula for gross profit margin.

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1. Revenue can be found on which type of financial statement?

2. Choose the best analysis of gross profit margin.

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About This Quiz & Worksheet

With this quiz and worksheet, you will be examined on topics like the formula for gross profit margin, its analysis and the roll revenue plays in business.

Quiz & Worksheet Goals

In particular, you will be assessed on the:

  • Best formula to illustrate gross profit margin
  • Type of financial statement on which revenue is found
  • Analysis of gross profit margin
  • Type of financial statement on which the cost of goods sold is found
  • Necessities for total revenue

Skills Practiced

This quiz and worksheet will allow you to test the following skills:

  • Information recall - access the knowledge you've gained regarding economics
  • Reading comprehension - ensure that you draw the most important information from the related lesson on calculating gross profit margin
  • Interpreting information - verify that you can read information regarding total revenue

Additional Learning

If you're interested in learning more about gross profit margin, check out the related lesson titled How to Calculate Gross Profit Margin: Definition & Formula. This lesson will touch further on:

  • The calculation of gross profit margin
  • The analysis of these results
  • What revenue really means
  • Costs of goods sold
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